The book is an economic history of the South Sea Bubble. It combines economic theory and
quantitative analysis with historical evidence in order to provide a rounded account. It brings …

In this paper, we discuss the causal relationship between growth of bank assets and
economic performance (economic growth, capital accumulation, productivity). We analyze …

This article reviews the history of executive compensation regulation in America and surveys
the literature on the effects of these policies. CEOs are almost exclusively in the top 1% of …

We develop a compromise estimate of the German Net National Product for the years 1851–
1913 based on four estimates from Hoffmann (1965) and Hoffmann and Müller (1959) by …

This article emphasizes the uneasy and sometimes tension-filled relationship that has long
existed between business history and mainstream economic theorists. Since business …

This examination of the foundations of German and American corporate governance
highlights the role of money-centered banks, both as board members in large corporations …

This paper proposes to exploit a reform in legal rules of corporate governance to identify
contractual incentives from the correlation of executive pay and firm performance. In …

We describe the legal rules underlying corporate governance of banks in Germany during
the 1870s as well as the rules of governance fixed in corporate charters collected from a …

We investigate the impact of universal banks on the dividend policy of affiliated companies,
in an environment characterised by poor investor protection, booming stock markets and …

The formation of large corporations and the development of the joint stock company,
beginning in the last third of the 19th century, are closely linked. However, when the average …